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REGISTERED NUMBER: 04896086 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

MCQUILLANS FAMILY BUTCHERS LTD

MCQUILLANS FAMILY BUTCHERS LTD (REGISTERED NUMBER: 04896086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCQUILLANS FAMILY BUTCHERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs A N McQuillan
Mr J McQuillan





SECRETARY: Mrs A N McQuillan





REGISTERED OFFICE: 10a High Street
Royston
Barnsley
South Yorkshire
S71 4RA





REGISTERED NUMBER: 04896086 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

MCQUILLANS FAMILY BUTCHERS LTD (REGISTERED NUMBER: 04896086)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,250
Tangible assets 5 48,540 19,976
48,540 21,226

CURRENT ASSETS
Stocks 6 8,575 6,925
Debtors 7 2,364 1,708
Cash at bank and in hand 45,210 18,360
56,149 26,993
CREDITORS
Amounts falling due within one year 8 32,160 28,216
NET CURRENT ASSETS/(LIABILITIES) 23,989 (1,223 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,529

20,003

CREDITORS
Amounts falling due after more than one
year

9

(18,939

)

-

PROVISIONS FOR LIABILITIES 10 (9,253 ) (3,795 )

ACCRUALS AND DEFERRED INCOME (647 ) (1,103 )
NET ASSETS 43,690 15,105

CAPITAL AND RESERVES
Called up share capital 11 3 3
Retained earnings 43,687 15,102
SHAREHOLDERS' FUNDS 43,690 15,105

MCQUILLANS FAMILY BUTCHERS LTD (REGISTERED NUMBER: 04896086)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





Mr J McQuillan - Director


MCQUILLANS FAMILY BUTCHERS LTD (REGISTERED NUMBER: 04896086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

McQuillans Family Butchers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MCQUILLANS FAMILY BUTCHERS LTD (REGISTERED NUMBER: 04896086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 25,000
AMORTISATION
At 1 October 2022 23,750
Amortisation for year 1,250
At 30 September 2023 25,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 1,250

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 23,757 17,000 2,392 43,149
Additions 7,204 34,513 - 41,717
Disposals - (17,000 ) - (17,000 )
At 30 September 2023 30,961 34,513 2,392 67,866
DEPRECIATION
At 1 October 2022 11,551 10,501 1,121 23,173
Charge for year 1,453 4,602 599 6,654
Eliminated on disposal - (10,501 ) - (10,501 )
At 30 September 2023 13,004 4,602 1,720 19,326
NET BOOK VALUE
At 30 September 2023 17,957 29,911 672 48,540
At 30 September 2022 12,206 6,499 1,271 19,976

6. STOCKS
2023 2022
£    £   
Stocks 8,575 6,925

MCQUILLANS FAMILY BUTCHERS LTD (REGISTERED NUMBER: 04896086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 310 500
VAT 1,295 807
Prepayments 759 401
2,364 1,708

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,543 2,659
Trade creditors 11,130 10,504
Tax 6,449 11,078
Social security and other taxes - 13
Directors' current accounts 5,505 758
Accrued expenses 3,533 3,204
32,160 28,216

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 18,939 -

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 9,253 3,795

Deferred
tax
£   
Balance at 1 October 2022 3,795
Provided during year 5,458
Balance at 30 September 2023 9,253

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 ORDINARY 'A' £1 2 2
1 ORDINARY 'B' £1 1 1
3 3